| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 25 | 48 | 8 | 5 | 0 | 27 | 14 | 6 | 1 | 5 | 21 | 17 | |||
| 2 | Raith Rovers | 25 | 48 | 8 | 5 | 0 | 27 | 14 | 5 | 4 | 3 | 15 | 11 | |||
| 3 | Peterhead | 25 | 40 | 7 | 3 | 2 | 25 | 10 | 4 | 4 | 5 | 16 | 18 | |||
| 4 | Brechin City | 24 | 40 | 7 | 2 | 2 | 20 | 12 | 4 | 5 | 4 | 18 | 20 | |||
| 5 | East Fife | 25 | 37 | 5 | 1 | 6 | 15 | 17 | 6 | 3 | 4 | 18 | 11 | |||
| 6 | Stirling Albion | 25 | 37 | 4 | 5 | 3 | 15 | 16 | 5 | 5 | 3 | 24 | 17 | |||
| 7 | Alloa Athletic | 27 | 30 | 6 | 3 | 4 | 21 | 20 | 2 | 3 | 9 | 14 | 27 | |||
| 8 | Arbroath | 25 | 28 | 5 | 1 | 7 | 17 | 16 | 3 | 3 | 6 | 20 | 20 | |||
| 9 | Queen's Park | 26 | 24 | 2 | 6 | 6 | 11 | 19 | 3 | 3 | 6 | 15 | 21 | |||
| 10 | Stranraer | 25 | 12 | 1 | 3 | 9 | 11 | 37 | 1 | 3 | 8 | 14 | 27 | |||